Home / Knowledge / News / Textiles / Domestic cotton production suffices meager needs
Domestic cotton production suffices meager needs
27
Jan '09
Vietnam needs to import a huge amount of cotton every year to feed the increasing appetite for the white gold from its textile mills. The main reason being that cotton production is falling with each passing year in the country. Experts say that with global cotton acreage shrinking for 2008-09 year, the shortage of this natural fibre will only become more pronounced.

Since the last few years, the cotton acreage has been falling sharply. Statistics reveal that Vietnam has been facing acute shortage of cotton for past couple of years and the problem has just got worse. During the 2007-08 year the cotton growing area came down to less than 7,000 ha, and yield reached only 2,600 tons of fibre. This met only 2 percent of the domestic textile need.

This has led to cotton ginning units shutting down their plants due, to shortage of cotton to process the same. In the first ten months of 2008, Vietnam imported cotton amounting to 198,094 tons and valued at US $306 million, compared to 212,000 tons of cotton, worth $268 million in the whole of 2007.

The 2003-04 cotton crop was the country's largest, with 31,187ha allocated to growing the crop which reduced to less than 7,000ha. Farmers have stopped growing cotton and switched to crops such as maize, potato, cassava and tobacco which provide relatively higher returns than cotton. Economists predict that looking at the current conditions; they foresee a situation where cotton will no longer be grown in the country by 2010.

The US tops the list form amongst the cotton importing countries followed by India, Singapore, Switzerland & UK. The volume of imports from US, India and Singapore grew sharply by 67.6, 93.6 and 317.5 percent respectively in Jan-Oct 2008 compared to the same period in 2007.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search